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Tag Archives: Jerome Powell

How Many Interest Rate Hikes Inbound in 2018?

With the Federal Reserve now under the leadership of recently sworn-in new Fed Chair Jerome Powell, many are watching to see how he deals with the challenges of the current market, and how his responses and philosophy will differ from ...

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As Stocks Tumble, Lenders Take a Hit

The Dow Jones industrial average closed down 1,200 points on Monday, after having dropped 1,500 points earlier in the day. This came on the heels of a 666-point drop in the Dow last Friday. With the Standard & Poor’s index ...

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Fed Maintains Interest Rates as Yellen’s Tenure Winds Down

Janet Yellen oversaw her final meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) Wednesday afternoon, with the Committee holding fast on interest rates and revising their projections on expected inflation. “Gains in employment, household spending, and business fixed ...

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Senate Confirms Powell as Federal Reserve Chair

The Senate confirmed Jerome Powell as the 16th chairman of the Federal Reserve on Tuesday after an 85-12 vote in favor of his confirmation. Powell will take over from current Federal Reserve Chair Janet Yellen after her term expires in ...

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Powell Was Hesitant About Fed MBS Purchases in 2012

Transcripts released by the Fed provided insight into the man due to take over as Fed chair in 2018, assuming he receives Senate confirmation. The Fed published meeting transcripts from 2012 last week, continuing their policy of releasing such transcripts ...

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Yellen Talks Economic Outlook as Tenure Winds Down

Federal Reserve Chair Janet Yellen delivered her Economic Outlook testimony on Wednesday—which could be her last appearance before Congress before she leaves the Fed in February. Overall, Yellen said that the U.S. economy has strengthened further this year. Despite adversity ...

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